Choose Country

Economy, IN

Indiana

Economy is a small town in Indiana with a population of 150. Residents earn $44,063 per year, which is 41% below the national average.

3.1 /5.0
B Good
150 Population 1,667/sq mi density
$44,063 Median Income $24,467 per capita
$50,000 Home Value $251,715 Zillow
$708 Median Rent 17.5% income on rent
50°F Avg Temperature 297 sunny days/yr
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.6 / 5.0
$44,063 median income, 3.0% unemployment
A+
Affordability
5.0 / 5.0
$50,000 home value, $708/mo rent
D
Education
1.8 / 5.0
10.4% bachelor's degree or higher
Median Income $44,063
41% lower than US avg
Home Value $50,000
82% lower than US avg
Bachelor's+ 10.4%
69% lower than US avg
Median Rent $708
39% lower than US avg
Obesity Rate 36.0%
12% higher than US avg
Unemployment 3.0%
17% lower than US avg
Poverty Rate 28.3%
128% higher than US avg

How Economy Compares to the U.S. Average (100% = U.S. avg)

People

Population150
Median Age46.7 yrs
Density1,667/mi²
Male / Female51% / 49%
Largest GroupWhite 97%
Veterans99.0%

Economy

C+
Median Income$44,063
Per Capita$24,467
Unemployment3.0%
Poverty28.3%
County GDP$3,815M
Commute33 min

Housing

A+
Home Value$50,000
Rent$708
OwnershipN/A
Zillow$251,715
Housing Units73
Rent Burden17.5%

Health

Obesity36.0%
Uninsured8.9%
Smoking19.1%
Depression28.6%
Heart Disease6.2%

Climate

Avg Temp50°F (10°C)
AQI41 (Good)
Sunny Days297/yr
Elevation1,154 ft (352 m)

Education

D
Bachelor's+10.4%
High School+92.2%
Graduate+4.6%
School Score6.01

Community

2024 VoteR 65% / D 33%
Commute33 min
Broadband59.0%
Libraries5

Is Economy a Good Place to Live?

Based on current data, Economy receives an overall livability score of 3.1 out of 5.0, earning a grade of B. Key strengths include low unemployment, affordable housing, abundant sunshine. Areas to be aware of include an elevated poverty rate, below-average incomes. Economy offers a solid quality of life with a good balance of affordability, safety, and opportunity.

Economy & Jobs

The median household income in Economy is $44,063, 41% below the national average of $75,149. Unemployment stands at 3.0%, indicating a healthy job market. The poverty rate of 28.3% exceeds the national average of 12.4%, indicating economic hardship for a significant portion of the population. Workers commute an average of 33 minutes.

Cost of Living & Housing

The median home value in Economy is $50,000, 82% below the national median — offering relatively affordable homeownership. Renters pay a median of $708 per month, below the national average — a plus for affordability. At just 1.1x median income, home prices are very affordable relative to local earnings.

Education

10.4% of residents hold a bachelor's degree, below the national average of 33.7%. 92.2% have completed high school. Area schools have an average test score of 6/10.

Climate & Weather

Economy experiences four distinct seasons with an average temperature of 50°F. Winters average 26°F in January while summers reach 72°F in July. With 297 sunny days per year, residents enjoy well above the national average of sunshine. Air quality is rated Good with a median AQI of 41.

Economy has a population of 150 with a density of 1,667 people per square mile. The median age is 46.7 years, 20% older than the national median of 38.9. The city is predominantly White (96.7%), with 3.3% Hispanic.

Population

150
Total Population
1,667
People / sq mi
46.7yrs
Median Age
20% above US avg
0.1mi²
Land Area

Gender Distribution

Male 50.7%
Female 49.3%

Race & Ethnicity

Economy vs U.S. Average

Language Spoken at Home

English Only98.4%
25% above US avg
Spanish1.6%
88% below US avg

Social Characteristics

Economy vs U.S. Average

The median household income in Economy is $44,063, which is 41% below the national average of $75,149. The unemployment rate is 3.0% (below the 3.6% US average). 28.3% of residents live below the poverty line. Workers commute an average of 33 minutes.

Income: Economy vs U.S.

Commute Mode

Income

Median HH Income$44,063
41% below US avg
Per Capita Income$24,467
Avg Weekly Wage$982
IRS Avg AGI$56,764

Employment & Poverty

Unemployment3.0%
17% below US avg
Poverty Rate28.3%
128% above US avg
Establishments (County)1,496
County GDP$3,815M

Business (County)

Restaurants143
Healthcare193
Retail250
Manufacturing101

Tax & Cost of Living

Property Tax (IRS)$3,084
12% below US avg
Effective Tax Rate6.17%

Commute & Transportation

Commute Time33.1 min
Drive Alone63.6%
Public Transit0.0%
Work from Home1.8%

Walkability

The median home value in Economy is $50,000, 82% below the national average. Monthly rent averages $708 (39% below US avg). Zillow estimates the typical home value at $251,715.

Home Value Sources

Ownership Split

Home Values

Census Median$50,000
82% below US avg
Zillow ZHVI$251,715

Real Estate Market (Redfin)

Rental Costs

Census Median Rent$708
39% below US avg
Rent Burden17.5%

HUD Fair Market Rent

Studio$816
1 Bedroom$882
2 Bedrooms$1,096
3 Bedrooms$1,391
4 Bedrooms$1,590

Ownership & Property

Owner-Occupied91.5%
Housing Units73
Median Year Built1938

Property Tax

Avg Tax (IRS)$3,084
12% below US avg
Effective Rate6.17%
In Economy, 36.0% of adults are obese (above the 32.1% national rate). 8.9% of residents lack health insurance. 19.1% are current smokers. 28.6% report depression. 25.3% are physically inactive.

Health Metrics: Economy vs U.S. Average (%)

Chronic Conditions

Obesity36.0%
12% above US avg
Diabetes10.7%
Heart Disease6.2%
High Blood Pressure33.7%
Asthma11.7%
COPD8.0%
Cancer7.4%
Stroke3.1%

Behaviors & Mental Health

Smoking19.1%
36% above US avg
Binge Drinking19.2%
Physical Inactivity25.3%
Depression28.6%
Mental Distress20.6%
Physical Distress14.0%
Short Sleep39.1%

Healthcare Access

Insurance Rate92.4%
Uninsured8.9%
3% above US avg
Checkup Rate76.8%
Dental Visits58.6%
Premature Death12,656/100K

Food & Exercise

Food Environment6.2/10
Exercise Access76.5%
Healthcare Facilities193
Economy has an average annual temperature of 50°F (10°C). Winters average 26°F in January while summers reach 72°F in July. The area enjoys 297 sunny days per year. Air quality is rated Good with a median AQI of 41.

Temperature

26°F Jan (-4°C) 72°F Jul (22°C)
Annual Average49.8°F
8% below US avg
January Average26°F (-4°C)
July Average72°F (22°C)
Sunny Days297 days/yr

Precipitation & Snow

Air Quality

AQI Median41.0
RatingGood

Geography

Elevation1,154 ft (352 m)
Area0.1 sq mi (0.2 km²)
Population Density1,667/sq mi
Coordinates39.9773°N, 85.0868°W
TimezoneAmerica/Indiana/Indianapolis
County FIPS18177
It is classified as Nonmetro — Urban 20K+. 10.4% of residents hold a bachelor's degree or higher (69% below US avg). In the 2024 election, the county voted Republican by a 32.5-point margin. 59.0% of households have broadband internet.

2024 Presidential Election (County)

R 65.4%
D 32.9%

Winner: Republican by 32.5 points

Education

Bachelor's Degree+10.4%
69% below US avg
High School+92.2%
Graduate Degree+4.6%
School Test Score6.01
D Education Grade (1.8/5.0)

Urban-Rural Classification

RUCC Code 5Nonmetro — Urban 20K+
Population Density1,667/sq mi
Total Area0.1 sq mi

Infrastructure & Services

Broadband Access59.0%
Public Libraries5
Healthcare Facilities193
Restaurants143
Retail Stores250

Safety & Disasters

Fatal Crashes (County/yr)8

Commute & Transportation

Avg Commute33.1 min
Drive Alone63.6%
Public Transit0.0%
Work from Home1.8%

Nearby Cities

Hagerstown, IN 1,710 pop · 5.6 mi Centerville, IN 2,748 pop · 11.7 mi Cambridge City, IN 1,623 pop · 12.3 mi Richmond, IN 35,551 pop · 14.4 mi Winchester, IN 4,912 pop · 14.7 mi Farmland, IN 1,345 pop · 14.8 mi New Castle, IN 17,356 pop · 15.5 mi Parker City, IN 1,236 pop · 15.9 mi New Paris, OH 1,338 pop · 17.7 mi Union City, IN 3,477 pop · 20.8 mi Union City, OH 1,367 pop · 21.9 mi Connersville, IN 13,241 pop · 22.3 mi Muncie, IN 64,739 pop · 22.4 mi Albany, IN 2,984 pop · 24.0 mi
Compare Economy with another city: